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May 29, 2012 01:42 pm GMT
No, NFC still hasn't come to the iPhone -- or many other devices, for that matter. But this does not appear to be stopping the momentum in the world of mobile payments. Research out today from Gartner says that this year will see more than $171.5 billion in mobile payment transactions -- a rise of over 60 percent on 2011's $105.9 billion -- with 212.2 million people (up 32 percent from 160.5m in 2011) using some form of mobile payment service. And what's fuelling the rise? Despite the rise of smartphones, it's legacy-based services like SMS and web-based transactions.Longer term, Gartner believes that transactions will reach a volume of $617 billion by 2016 -- with average growth slightly slowing down to around 42 percent -- with 448 million users using such services.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pmXB1FXtVs4/
Gartner: Over $172B In Mobile Payments In 2012; SMS, Web Most Popular Routes
No, NFC still hasn't come to the iPhone -- or many other devices, for that matter. But this does not appear to be stopping the momentum in the world of mobile payments. Research out today from Gartner says that this year will see more than $171.5 billion in mobile payment transactions -- a rise of over 60 percent on 2011's $105.9 billion -- with 212.2 million people (up 32 percent from 160.5m in 2011) using some form of mobile payment service. And what's fuelling the rise? Despite the rise of smartphones, it's legacy-based services like SMS and web-based transactions.Longer term, Gartner believes that transactions will reach a volume of $617 billion by 2016 -- with average growth slightly slowing down to around 42 percent -- with 448 million users using such services.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pmXB1FXtVs4/
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